On Thursday evening, Alphabet reported net income of nearly $23.7 billion for the first quarter of 2024, representing EPS up 61% to $1.89, with operating margin improving by seven points to 32%.

The technology giant, parent company of search engine Google and YouTube platform, saw revenues rise by 15% to over $80.5 billion, driven in particular by growth of over 28% for its Google Cloud division.

Our leadership in artificial intelligence (AI) infrastructure and research, as well as the global presence of our products, position us well for the next wave of AI innovation", says CEO Sundar Pichai.

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